Kanungo Financiers Board Approves MOA Alteration, Strategic Investments

Kanungo Financiers Ltd's Board of Directors met on June 29, 2026, and in-principle approved several key proposals. These include alterations to the Memorandum of Association, specifically the capital and object clauses, and an increase in authorized share capital. The board also considered enhancing limits for investments, loans, guarantees, and securities under Section 186 of the Companies Act, 2013, and increasing borrowing powers under Section 180(1)(c). A significant development was the in-principle approval for evaluating strategic investments in M/s. Startech Infralogistics Private Limited and M/s. Peepal Mining and Logistics Private Limited. The company also approved the appointment of professional advisors for due diligence and valuation. All these proposals are subject to further finalization, shareholder approval, and regulatory clearances.